During a late wintertime project I decided to pull the outdrive off. Low and behold I found water in the bellows! I found out where the leak originated from, so I removed bellows and found a crack in it! :blue: Since I had the outdrive off I decided to replace, bellows, gimbal brg, u-joints and the faulty trim sender unit ($175-OUCH)! Later I found that the lower end of the gimbal ring had quite a bit of play in it so I pulled the lower pivot arm and found that the bushing (after 18 yrs) had worn thru and damaged the pivot pin ($$$$ new replacement from Volvo)! I had a friend machine me one for free! After replacing new pivot bushing ($20) and pin, the gimbal ring has no more slop in it now!